• In recent weeks, NuScale Power has gained attention as the first and only U.S. Nuclear Regulatory Commission‑certified small modular reactor provider, while advancing commercialization efforts with partners such as ENTRA1 and exploring potential projects in Romania and with the Tennessee Valley Authority.
• An important angle for investors is that NuScale’s ambitious ENTRA1 deployment program and related financing needs could significantly dilute existing shareholders even as it positions the company as a key player in supplying carbon‑free power to data centers and heavy industry.
• We’ll now examine how the ENTRA1 commercialization agreement and its dilution risk shape NuScale Power’s evolving investment narrative.

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What Is NuScale Power's Investment Narrative?

To own NuScale today, you have to believe its NRC‑certified SMR design and ENTRA1 partnership can eventually turn early‑stage nuclear projects into a durable commercial business, despite heavy losses and no utility‑scale plant in operation. The recent stock rally following former President Trump’s nuclear endorsement and renewed attention on data center power needs may sharpen near term catalysts around the ENTRA1 deployment program and potential contracts in Romania and with the Tennessee Valley Authority, but it does not fundamentally change the core hurdle: converting interest into binding, financed projects. At the same time, the large at‑the‑market programs, authorized share increase to 662,000,000 Class A shares, and a sizeable funding requirement for ENTRA1 mean dilution risk is now front and center for shareholders.

However, investors should be aware of just how significant that potential dilution could be. NuScale Power's shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.

Exploring Other Perspectives

Fourteen fair value estimates from the Simply Wall St Community span roughly US$2 to just above US$51 per share, reflecting very different expectations for NuScale’s future. Set against the company’s ongoing losses and heavy funding needs for the ENTRA1 buildout, this spread underlines how differently people are weighing commercialization risk and potential long term rewards, and why it can be useful to consider several contrasting viewpoints before forming a view.

Explore 14 other fair value estimates on NuScale Power - why the stock might be worth less than half the current price!

Build Your Own NuScale Power Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your NuScale Power research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
• Our free NuScale Power research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NuScale Power's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.